Livingston Agrees to Buy Advantex Express Assets, Shares
Livingston International signed an agreement to buy the assets of Canada-based Advantex Express, Livingston CEO Peter Luit said July 25. Livingston also agreed to acquire assets from the transportation services and customs brokerage firm’s U.S. entities, Advantex Express and Andina…
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Group International, collectively known as Advantex. If completed, Livingston said the acquisition would increase the company’s Canadian and U.S. international freight forwarding and customs brokerage operations, while adding ground freight audit capabilities. Parties involved in the purchasing agreement are finalizing legal formalities and other details, Livingston said. If conditions can be met in a few weeks, Advantex President Greg Richard and Luit predict the transaction could close by mid-August.